Argentina announces exchange rate measures with which it plans to raise 2,000 million dollars

teleSUR English

The Government of Argentina detailed a series of fiscal and exchange measures that it will implement as part of the agreement reached on July 22 with the International Monetary Fund (IMF) on a debt of 44,000 million dollars. teleSUR

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00:00 The Argentine government announced on Monday that it will implement four economic measures

00:04 linked to the dollar, the imports and taxes, after reaching a technical agreement in principle

00:10 with the International Monetary Fund, the IMF.

00:13 The measures will modify the value of the dollar for the series of foreign trade operations

00:18 and for the purchase of dollars by savers.

00:21 With these decisions, they intend to increase the central bank's reserves and increase the

00:26 tax collection.

00:28 Everything indicates that the measures will also impact the rate of inflation.

00:33 Package of economic measures to tackle macroeconomic imbalances amid its debt commitments, with

00:38 the aim of raising $2 billion.

00:42 On the other hand, they claim that the fiscal package has the backing of the International

00:46 Monetary Fund in the midst of the negotiation of a new technical agreement.

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